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Held by 181 of 5,944 reporting institutions (91th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $20.54 today, the market must believe free cash flow compounds 6.1%/yr for a decade (off $88M normalized FCF).
The market's 6.1% is more conservative than its 8-yr track record.
2-stage DCF · 0.05B shares · net debt $628M
mean 21.8% · volatility σ 53% · implied rate exceeded in 4/8 yrs
Central path = implied 6.1%/yr growth; shaded band = ±1σ (53%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.84B 100.0% | $1.28B 100.0% | $1.13B 100.0% | $1.22B 100.0% | $1.07B 100.0% | $851.6M 100.0% | $893.8M 100.0% | $889.8M 100.0% | $866.6M 100.0% | $928.2M 100.0% |
| Cost of Revenue | $1.34B 72.8% | $972.2M 76.1% | $853.1M 75.5% | $953.0M 78.0% | $831.5M 77.6% | $658.8M 77.4% | $694.4M 77.7% | $697.0M 78.3% | $672.5M 77.6% | $710.6M 76.6% |
| Cost of Products | — | — | — | — | — | — | — | $696.6M 78.3% | $672.2M 77.6% | $710.6M 76.6% |
| Selling, General & Admin | $277.3M 15.1% | $190.5M 14.9% | $124.0M 11.0% | $117.1M 9.6% | $116.0M 10.8% | $89.7M 10.5% | $101.3M 11.3% | $103.8M 11.7% | $98.1M 11.3% | $114.9M 12.4% |
| Operating Income | -$194.0M -10.6% | $54.8M 4.3% | $110.7M 9.8% | $111.3M 9.1% | $81.9M 7.6% | $55.3M 6.5% | -$26.4M -3.0% | $35.7M 4.0% | $33.9M 3.9% | $36.4M 3.9% |
| Interest Expense | $55.8M 3.0% | $20.6M 1.6% | $8.1M 0.7% | $2.6M 0.2% | $2.5M 0.2% | $5.2M 0.6% | $9.6M 1.1% | $11.1M 1.2% | $9.6M 1.1% | $36.5M 3.9% |
| Interest & Investment Income | $2.1M 0.1% | $1.7M 0.1% | $248K 0.0% | $19K 0.0% | $5K 0.0% | $28K 0.0% | $63K 0.0% | $69K 0.0% | $86K 0.0% | $106K 0.0% |
| Other Income (Expense), net | $7.2M 0.4% | $7.8M 0.6% | -$5.5M -0.5% | $1.0M 0.1% | $754K 0.1% | $280K 0.0% | $116K 0.0% | $1.2M 0.1% | $1.2M 0.1% | -$5.5M -0.6% |
| Pretax Income | -$242.6M -13.2% | $42.1M 3.3% | $97.0M 8.6% | $109.8M 9.0% | $80.1M 7.5% | $50.3M 5.9% | -$36.0M -4.0% | $25.8M 2.9% | $25.5M 2.9% | -$5.6M -0.6% |
| Income Tax Expense | $8.2M 0.4% | $9.0M 0.7% | $14.5M 1.3% | $21.4M 1.8% | $23.1M 2.2% | $11.8M 1.4% | $10.8M 1.2% | -$800K -0.1% | $6.8M 0.8% | -$3.8M -0.4% |
| Net Income | -$250.8M -13.6% | $33.1M 2.6% | $82.5M 7.3% | $88.3M 7.2% | $57.0M 5.3% | $38.5M 4.5% | -$46.7M -5.2% | $26.6M 3.0% | $18.7M 2.2% | -$1.9M -0.2% |
| Per Share | ||||||||||
| EPS (Basic) | $-5.43 | $0.91 | $2.51 | $2.67 | $1.72 | $1.18 | $-1.42 | $0.77 | $0.55 | $-0.05 |
| EPS (Diluted) | $-5.43 | $0.90 | $2.50 | $2.66 | $1.70 | $1.17 | $-1.42 | $0.76 | $0.54 | $-0.05 |
| Weighted Avg Shares (Basic) | 46.2M | 36.4M | 32.8M | 33.0M | 33.2M | 32.7M | 33.0M | 34.7M | 34.2M | 33.9M |
| Weighted Avg Shares (Diluted) | 46.2M | 36.6M | 33.0M | 33.2M | 33.5M | 32.8M | 33.0M | 35.0M | 34.8M | 33.9M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 15% of free cash flow, leaving room to grow it and fund buybacks. Last year: $15M dividends + $32M buybacks = $47M returned on $102M FCF.
1 consecutive years of dividend increases · 8%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -18%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $76M covers the $25M due within a year 3.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-10-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~7.9% on $704M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
No standout strengths flagged.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 78.3 | 77.7 | 77.4 | 77.6 | 78.0 | 75.5 | 76.1 | 72.8 |
| SG&A | 11.7 | 11.3 | 10.5 | 10.8 | 9.6 | 11.0 | 14.9 | 15.1 |
| Operating Income | 4.0 | -3.0 | 6.5 | 7.6 | 9.1 | 9.8 | 4.3 | -10.6 |
| Income Tax | -0.1 | 1.2 | 1.4 | 2.2 | 1.8 | 1.3 | 0.7 | 0.4 |
| Net Income | 3.0 | -5.2 | 4.5 | 5.3 | 7.2 | 7.3 | 2.6 | -13.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on NX: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $28.75T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $364.2B | 41.6× | 29.1× | 5.4× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.2B | 38.4× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $264.2B | 39.7× | 18.8× | 3.0× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $204.4B | 81.4× | 41.0× | 2.3× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $181.0B | 36.2× | — | 4.0× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $174.3B | 47.1× | 31.1× | 5.4× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $166.7B | 23.4× | 16.0× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $154.3B | 38.1× | — | 5.6× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.9B | 28.2× | 16.2× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.0B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $117.9B | 33.9× | 26.6× | 5.9× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.7B | 25.0× | — | 5.0× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $97.3B | 23.3× | 17.1× | 1.9× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.0B | 32.5× | 23.2× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| PWR | $92.6B | 91.1× | 46.0× | 3.3× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| VRT | $91.6B | 70.2× | 43.4× | 8.9× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| JCI | $91.6B | 27.9× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $91.5B | 61.4× | 40.3× | 11.1× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $86.2B | 27.1× | 16.6× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.2B | 31.9× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $83.9B | 15.1× | 9.4× | 0.9× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $82.1B | 36.1× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $80.4B | 45.3× | 28.9× | 7.8× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| NX | $949M | — | — | 0.5× | 43.8% | 27.2% | -13.6% | -34.5% | -17.5% | -7.8× | 181 |
Peers = companies sharing NX's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.